Latest Pharmaceutical manufacturing News

Prince Andrew faces more disgrace as business backers leave

Nov. 19, 2019 1:00 PM EST

LONDON (AP) — Britain’s Prince Andrew faced further disgrace Tuesday as charitable partners and educational institutions began to distance themselves from him amid unfavorable fallout from an interview on his friendship with sex offender Jeffrey Epstein. Like most senior members of the royal family,...

Correction: Prescription Drugs story

Nov. 18, 2019 5:36 PM EST

WASHINGTON (AP) — In a story Nov. 18 about the White House push for prescription drug legislation, The Associated Press misspelled the first name of the executive director of Families USA. The correct spelling is Frederick, not Frederic. A corrected version of the story is below: Drug cost legislation gets...

Walz calls for public hearings to break insulin impasse

Nov. 18, 2019 4:31 PM EST

ST. PAUL, Minn. (AP) — Gov. Tim Walz on Monday urged Minnesota lawmakers to hold public hearings to try to break an impasse over legislation to make insulin more affordable. Lawmakers in an insulin work group have made little apparent progress in closed-door talks over the past month toward reconciling the...

White House urgently ramps up push for drug cost legislation

Nov. 17, 2019 11:29 AM EST

WASHINGTON (AP) — The White House is ramping up its push to get a bill through Congress that curbs prescription drug costs, feeling a new urgency as the impeachment investigation advances amid the 2020 election campaign. The effort has progressed beyond anything seen in years, says President Donald...

US panel backs wider use of fish oil to prevent heart attack

Nov. 14, 2019 6:17 PM EST

WASHINGTON (AP) — Government health experts on Thursday recommended broader use of a prescription-strength fish oil drug to help many more patients at risk for heart attack, stroke and related health problems. Currently the drug, Vascepa, is approved for a relatively narrow group of patients with extremely...

Massachusetts Senate to debate prescription drug price bill

Nov. 10, 2019 9:20 AM EST

BOSTON (AP) — The Massachusetts Senate is set to debate legislation that Democratic leaders say will address the soaring cost of prescription drugs. This legislation would create a process to help identify drug price thresholds that supporters of the bill say pose a public health risk. The bill would also...

Chinese company in vaccine scandal declared bankrupt

Nov. 8, 2019 3:24 AM EST

BEIJING (AP) — A Chinese maker of rabies vaccine that was fined 9.1 billion yuan ($1.3 billion) in a quality scandal that set off a crackdown on the industry said Friday it has been declared bankrupt. Changchun Changsheng Life Sciences Ltd., which lost its production licenses last year, said in a statement...

White House and Pelosi part ways on relief for drug prices

Nov. 5, 2019 5:01 PM EST

WASHINGTON (AP) — The White House on Tuesday signaled President Donald Trump's blunt thumbs-down to House Speaker Nancy Pelosi's plan allowing Medicare to negotiate drug prices. Her office's sharp retort: "Working people won't like it if he sells them out." Despite the House impeachment inquiry, the White...

Asian shares mostly lower following Wall Street losses

Oct. 30, 2019 1:29 AM EDT

BANGKOK (AP) — Shares fell in Asia on Wednesday after weak earnings for technology and media companies led stocks lower on Wall Street. The modest pullback came a day after the S&P 500 hit an all-time high. Reports that China and the U.S. may not reach a trade agreement in time to sign a deal next...

Pfizer narrows its focus and profit soars in 3Q

Oct. 29, 2019 2:01 PM EDT

Pfizer's third-quarter profit nearly doubled after it booked an $8.1 billion gain on paper by creating a consumer health products joint venture, a key part of the drugmaker's plan to slim down and focus on innovative medicines. Those include blockbusters like blood thinner Eliquis, breast cancer drug Ibrance and...